"We are very grateful for this initiative launched by His Highness the President, and we value the positive step which he has taken. The new law that he has issued for Abu Dhabi will allow ALDAR to develop properties specifically for the expatriate market," commented Ahmed Al Sayegh, Chairman of ALDAR.
"The new developments which we will launch in coming weeks will be exciting additions to our property portfolio."
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ALDAR Properties welcomes new property law
- United Arab Emirates: Sunday, August 14 - 2005 at 16:57
- PRESS RELEASE
ALDAR Properties PJSC has warmly welcomed the announcement by the UAE President and Ruler of Abu Dhabi, His Highness Shaikh Khalifa Bin Zayed Al Nahayan, of the new law regulating the right to own and transfer real estate by citizens and expatriates.
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Notes and media contacts
ALDAR Properties PJSC is a premier real estate development, management and investment company headquartered in Abu Dhabi, UAE. The company was formed as a result of an initial Public Offering (IPO) of shares. The PJSC was created under Emiri Decree No 808 of 2004.ALDAR Properties PJSC was created to fast track real estate investment opportunities, and to offer an opportunity to participate in the prosperity of this increasingly important industry in the UAE.
The current property portfolio includes major developments and re-developments within Abu Dhabi Emirate, such as the Central Market in Abu Dhabi, the Al Raha Beach Development in Umm Al Nar, the Mubadala Development Company - ERWDA Headquarter Building in Abu Dhabi, Al Jimi Mall Expansion in Al Ain, Jebel Hafeet Resort in Jebel Hafeet, Al Ain, and the Al Mudheef Urban Regeneration Scheme in Al Mudheef.
ALDAR Properties PJSC is owned by leading Abu Dhabi institutions, founder shareholders and individual investors.
For more information, please contact Ousama Ghannoum, Marketing and Communication Director of ALDAR on 02 6336886 or visit our website www.aldar.com or contact Sareem International ALDAR's corporate communications advisers on the numbers below:
Abu Dhabi Office
Tel.: +971 (2) 6771196
Fax: +971 (2) 6790060
Dubai Office
Tel.: +971 (4) 343 3688
Fax: +971 (4) 321 1988
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, August 14 - 2005 at 16:57 UAE local time (GMT+4)
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